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Thomson Reuters
Mar 11 - 03:48 AM
AUD/USD - Settles After Early Weakness In Quiet Session
First appeared on eFXplus on Mar 10 - 11:10 PM
  • AUD/USD eased to 0.7026 in early Asia, as the mood was slightly risk-off
  • Brexit reports heightened uncertainty even though a delay seems likely
  • Early Asian markets moved a bit lower and S&P futures were modestly lower
  • The mood brightened slightly when the SSEC opened and moved up 1.0%
  • AUD/USD settled around 0.7035 heading into the afternoon
  • Resistance has formed ahead of 0.7055 where sellers are tipped
  • More resistance at 10-day MA at 0.7080 and that level should cap rallies
  • Option bids ahead of 0.7000 & break targets 61.8 of 0.6715/0.7295 at 0.6936

aud/usd Click here

Source:
Thomson Reuters IFR Markets

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